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of the key city aleppo. some rebels named by the u.s. state department terrorists. they designated a terrorist group linked to al qaeda in iraq. the department imposed sanctions. what does it mean to sort out good rebels from bad? nick paton walsh explains. >> reporter: not only look different, black flags, well armed and disciplined, they fight differently, too. using suicide tactics and mass casualty car bombs, radical extremists but undeniably effective. behind a stream of rebel victories, overrunning regime bases across syria, many thinking the end of assad is nearer than ever. why has the united states, who also want assad gone, black listed them as terrorists? >> we've had concerns that al nusra is little more than a front for al qaeda in iraq who has moved some of its operations into syria. >> reporter: that link clear in the document filed monday, al nusra deemed not a new group, another name for al qaeda in iraq. u.s. officials believing insurgents who kill americans in iraq fighting for rebels against assad. this move may make sense in principle but, say experts now, less
is willing to make as part of the balanced approach.use fox news is reporting senior white house official said the signs are making some progress,e but there is still littler movement on the majorferences. substantive differences.back ty. we are watching and all. back to you. >> and now you are. thank you very much. deal weigh more on this deald throughout the next hour, and we are going to hear from bothcapio chambers barasso in ten minutes. the 0*er breaking story, a devastating defeat for one of the most important union strongholds in the country, michigan. michigan's governor, rick snyder, moments ago, signed right to work legislation into law. now, the new law sharply limits union power, something once unthinkable. hundreds of protesters packed inside the capitol building for the vote. trooper on hand in riot gear. michigan, home of the most powerful union in the country, a symbol of union power and dominance for generations. not anymore. workers are no longer to give up part of their paycheck to union dues. now, the unions didn't go down without a fight. literally. take a look at th
the show an e-mail to gerri@foxbusiness.com. that's it for tonight's willis report. thanks for joining us. don't forget to dvr the show if you can't catch us live. have a good night, everyone, see you tomorrow. ♪ lou: good evening, everybody. president obama could hardly have chosen a worse place to be today. the president flew to michigan where he blasted the republican-led state legislature and the republican governor for their support of right-to-work legislation. his timing could hardly have been worse. that worker rights legislation will be voted on and given final approval tomorrow and be signed into law by governor rick snyder. michigan becomes the 24th state in the nation to ratify a aw that protects workers from being forced to pay union dues as a condition of their employment. we'll be examining tonight what's happening in michigan and in washington, d.c. with the author of "shadow bosses: how government. employee unions control america and rob taxpayers blind." mallory factor joins us. also tonight, egypt's president, muhammad morsi, ordering the egyptian military to arrest
. jacob roberts. 22 years old. one of his friends told us today that roberts was always so happy, so friendly. according to the sheriff he had no known criminal history until yesterday afternoon. when witnesses say the guy walked in the clackamas town center mall in su push of portland, oregon, carrying a stolen semi-automatic rifle, magazine after magazine full of ammo, wearing a hockey mask. like jason, the killer from friday the 13th horror movie they said. >> as he drawn the hallway it got real quiet. just because i was in shock. everything that but going on. i hear "i am the shooter." after that, i heard five or six shots. but then i ran out and i started telling people it's time to go. >> witnesses say dozens of shots followed. the shooter chose his targets at random, say police. in the middle of a mall packed with up to 10,000 employees an shoppers. a lot of them ran. others say they hid in backroom of stores. sheriff department reports itsed within one minute. radio traffic shows the chaos. >> active shooter. >> people sailing out like crazy from everywhere. >> shepard: the h
korea. tonight, a u.s. official tells cnn, there are early signs the koreans are not in total control of the device. but a north korean government-run tv, the news anchor was giddy with excitement. keeping them honest. pyongyang reportedly spent more than $1 billion on their missile program this year alone, money they could feed a lot of hungry, starving people in north korea. but while much of the world is talking about missiles tonight, there is a crime against humety occurring in that country. a crime that receives very little attention. as i said, some 150,000 people are believed to be doing hard labor on the brink of starvation, in a network of hidden gulags. it doesn't house just those who have been accused of political crimes, however. these prisons house their entire families, grandparents, parents, children. it's a system called three generations of punishment. imagine if you were accused of a crime and sent to a concentration camp. but to truly punish you, they would send your parents and your children. three generations of your family simply disappeared. the most notorious
to be the highest unemployment in history for two terms it is not careful. he will take us back into recession. if he wants serious negotiations that will sit down and me to some kind of an agreement. we have been down this road before where republicans of given on th taxes. was in the white house with reagan. they promised dollars in cuts. they didn't give us anything. bush went through the same drill when he broke his tax pledge, busch sr. we have had this history before. basically, tell us what you're going to do. there will be a stimulus by fixing he northeast from the storm. add another 50 billion out there on top of the package. and then the audacity of saying, i'm going to raise the debt ceiling whenever i want to. give me permission to do that. it's absolutely absurd. lou: the presidents reached exceing his grasp? >> we will ee. he clearly thinks that he is in a strong osition or you would not be trying this. i think he thinks that the optics work for him. >> but it was ms. mccall's idea in 2011 to give the president the power to raise the debt ceiling by himself. this was not some dmo
us today. jenna: "america live" starts right now. megyn: fox news alert, the world on edge and the u.s. and its allies potentially on the brink of entering another war in the middle east to prevent syria from doing the unthinkable. welcome to "america live," everyone, i'm megyn cel by. just days after he first reported on concerns syria was actually mixing chemical weapons that could kill thousands of people at a time, we get word that the regime has loaded the nerve agent into bombs that could be dropped, we don't know when. the president earlier this here, our president, called chemical weapons use a, quote, red line that would get an immediate response from the united states, and here's what the white house said about it moments ago. >> to the administration any more urgent than 48 hours ago? >> i think we've been clear all week about our concern -- well, probably longer than that, but since this has been a heighten, an issue that's getting heightened attention, we have made clear, i think, in very stark terms our concern about it. i wouldn't want to characterize our assessments bas
for joining us. have a great night. see you tomorrow. ♪ lou: good evening, everybody. i'm lou dobbs. you're looking at union members and supporters of organized labor who gathered oday at the state capitol in lansing, mich. demonstrating against the passage of this historic workers' rights legislation, legislation that, tonight, is law. you would not know it watching the boisterouunion protests, but unions are left intact by this new law. as is, the right to collective bargaining. the big victory for worker rights today, the elimination of the power of both public and private nions to demand and a worse dues from workers and the end of union power to force workers to pay what have been mandatory dues. michigan becomes the 24th state to enact right to work laws after legislation passed the state house of representaves and was sent on to governor rick snyder for his signature. protesters of this new law number some 10,000 at today's demonstrations. most league made up of uaw union of the workers, machinists, teachers, sometimes angry crowds that seem to be taking cues frm their democratic
looking for a job myself. cheryl: construction, there was a loss of 20,000. most of us expected a little bit of a game and that ector. >> maybe it will take a little bit longer to give up. my brother is still out of his house. they cannot get anyone to do work on it yet. cheryl: let's go over to the cme. i know that metals has been a big focus for a lot of traders today. what are you watching? >> just the price action in gold. it really gives the feedback. people, you know, maybe a risk on trade. it jumps back to the 17th 04 daily highs. that makes me believe i want to belong before the meeting and at the end of the year where we can hit that 1750 range. cheryl: very interesting. let's head over to the imax. i want to talk about a move that we are seeing in oil. it looks like some bearish signs for oil, in particular, when it comes to terms of supply. >> i think we get to 85 and then rebounds and get back up to the 88-89 level. the fiscal cliff talks not going anywhere yet. during the next two weeks we will start to see some positive remarks. one thing that is very interesting, heat and
announcer ] with stamps.com, you can print real u.s. stage for all your letters and packages. it gives you the exact amount of postage youeed the instant you ne it. can you print only stas? no. first class. priority mai certified. international. and the mailman picks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. >> monday, december 3rd he and hold on to your wallet. the tax man is coming and he wants to tax everything. there's a long list of everything where the left wants to raise the tax take as of now, monday morning, centers on tax hikes, not spending cuts and certainly not entitlement reform. first to secretary geithner to him and the president, it's all about pushing the republicans to accept tax hikes. >> you know, i can't promise that. that's a decision that lies in the hands of republicans that are now opposing increase in tax rates. if they recognize the reality that we can't afford to extend those tax rates then we have the basis f
decided to do a little improv. [ music ] >> bret: i don't know. thanks for inviting us into your home tonight. that's our special report, fair, balanced, and unafraid. >>> this is the fox report. tonight the family of an american doctor rescued from the taliban speaks. plus we now know the identity of the navy seal who died trying to save an american doctor. he was just 28 years old. a member of the elite seal team 6, tasked with confronting the taliban on their own turf. >> they were heavily armed with machine guns. >> tonight what we've learned about the mission that saved one man and left a navy hero dead. >>> plus, a mexican american superstar singer killed in a plane crash. >> the plane is totaled. nobody inside survived. >> i'm in shock. i still can't believe it. >> whatever culture you were from, she inspired you as a woman. >> tonight tears of disbelief from jenni rivera's family and fans. >>> the software mogul john mcafee spent weeks dodging cops in two countries and now he has a new destination in mind. >> i'll be very happy to go to america. america is my home. >> ton
>>> that's it for us. >>> that's it for us. thanks for watching. "early start" begins now. >>> without warning, a surprise tornado strikes in the middle of a series of severe storms throughout the southeast. >>> plus, secret sabotage. police want to know who's behind the pipe bombs found attached to the gas tank of a large truck. >>> mum's the word on the air force's secret space plan set to blast off today. secret but we have some details. >> we know all about it. >> good that's right. good morning and welcome to "early start," everyone, i'm john berman. >> and i'm zoraida sambolin. tuesday, december 11th, 5:00 a.m. in the east. we begin this morning in the south where more storms are expected today. this after residents are left cleaning up from the aftermath of yesterday's storms. the rain was so intense. take a look at what happened to the home of one man, this is birmingham, alabama as he was being interviewed by a local tv reporter. >> we had dogs. he was in the cage. oh, my god. oh, my god. oh, my god. you all okay? you all okay? you all all right? >> look at that,
and spike food prices. have you even heard about this? the head of one mississippi barge operator joins us whether a disaster can still be avoided. >>> would you sublet your name for an entire year? a bidding war breaks out for the right to one man's name. he is here to explain his bold idea and how he is cashing in. even when they say it's not it is always about money melissa: first let egg look at the day's market headlines. concern over the fiscal cliff bleeding into the u.s. manufacturing sector. factory activity in november declined for the first time in three months. the news weighted down stocks helping shed 59 points off the dow. the raw materials sector hit hard by the contraction in manufacturing. shares of dupont were the biggest loser closing down 2%. dell getting golden endorsement from goldman sachs today. the investment bank upgraded the struggling computer-maker saying the stock has been oversold. the dell shares rose by 4% over that news. to our top story tonight, speaker boehner and house republicans are rolling out their fiscal cliff counteroffer to the white house. incl
with us a live report, and update at 6:00. >> thank you, and not far from highway 85 a search for a burglary suspect sends a preschool into lock down most of the day. students and teachers in cupertino asked to lie on the floor and shut off lights while officers canvased the neighborhood around the school this afternoon. sky 7 was overhead. police pulled over a car carrying three men believed to have been involved in several home burglaries. two people in the vehicle were arrested but a third man ran, triggering the search. the person has not been found. >> president obama is vowing to send congress new policy proposals for reducing gun violence. today, he aa.pointing joe biden to lead efforts come up with a new recommendations. the president wants congress to reinstate a weapons ban that was in place but expired in 2004. he says america can no longer sit back to allow massacres like the one in connecticut to keep taking place. >> i will use all powers of this office to help advance efforts aimed at preventing more tragedies like this. we won't prevent them all, but that can't
growth. many believe the fundamental reform of our tax code will help us get our economy moving faster and put more americans back to work. and more americans on the tax rolls. how we get there, god only knows. >> president obama doesn't see it that way. >> at some point there's got to be i think a recognition on the part of my republican friends, that you know, take the deal. you know, they will be able to claim that they have worked with me over the last two years. to reduce the deficit more than any other deficit reduction package. >> mohammed aladarin is the ceo of pimco and mark zandy is a chief moist at moody's analytics and joining me in studio is christine romans. the gdp for the u.s. grew at 3.1% over the summer. that's more than double the rate of the previous quarter. you can see the chart, it's been choppy, but it looks like we're going in the right direction. america's economy is gaining pace, doing better than expected. and we've been saying the 2013 could be the year of a real economic renaissance in the united states or at least the beginning of one. talk to me about th
. many of us believe on both sides of the aisle the fundamental reform of our tax code will help us get your economy moving faster and put more americans back to work. how we get there god only knows. >> president obama doesn't see it that way. >> at some point there's got to be i think a recognition on the part of my republican friends th that, you know, take the deal. they will be able to claim that they have worked with me over the last two years to reduce the deficit more than any other deficit reduction package. >> the ceo of pimco, one of the world's largest investors in bonds. mark standee is chief investor at moody's. and christine romans, host of "your bottom line." gdp, the broadest measure of the economy grew at an annual rate of 3.1% over the summer. we just got those numbers this week. that's more than double the rate of previous quarter. you can see the chart there. it's been choppy but looks like we're going in the right direction. america's economy is gaining pace, doing better than expected. we've been saying that 2013 could be the year of a real economic renaissance in
seaport complex at a near standstill for the eighth straight day. drake christopher is going to join us with how this could impact your holiday season. lori: i was just kidding, actually. bacon is kosher. i do not eat kosher. melissa: speaking of kosher -- lori: rubbing elbows with the royals. our next ambassador -- you are speechless. melissa: i do not know about that one. time for stocks now as we do every 15 minutes. nicole petallides is standing by. nicole: right now, we are seeing the dow jones industrial average down just 12 points. so far, we are having a losing week on wall street. let's see what happens at the end of the day. these moves are really fractional. the s&p down a third of a percent. december, traditionally, is the best month for the s&p 500 since 1950. we will see whether or not that seems to come to correlation. i want to take a look at some of the auto retailers. it turns out they are not doing so well with their sales. pat boys, in particular, revenue missing for the third time in a row. both companies not seeing sales. warmer weather plays a role. back to you. m
if syria uses chemical weapons on its own people. the president's steered clear of defining those consequences. egis political crisis is widening cajon. a general strike to protest the presence unrestricted new powers. in this country's hospitals that deadly new bacteria that is more than just drug-resistant, it is draw prevent spreading. just how high is that this book of? we begin tonight with the fiscal clef which produced more far spent progress rejecting the speaker of the house claim that no progress is being made >> the house speaker said on fox news sunday right now i would say we are nowhere in terms of the fiscal cliff negotiations. does the president agree? >> no, he does not. you saw secretary geithner over the weekend on aaother sunday shows very clearly express the president's position, talk about the proposals the president has put forward and express our belief that there has been progress and that we can achieve a bipartisan agreement. lou: the president has not spoken to the house speaker about a resolution to the fiscal cleft cents a late night phone call last w
. >> thanks for being with us. stay with the fox news channel as breaking news coverage on a busy, busy news night continues, and as always, thank you for being with us. >> this is a fox news alert. a gunman opened fire at a mall in oregon, shooting and killing two people. gunman, police say, is dead. join us on the phone is james from the clackamas county sheriff's department. can you tell me, sir, what happened? what do you know? >> about 3:30 today we got a series of 911 calls describing an active shooter at the clackamas county mall. police responded immediately and began searching the mall for the shooter and evacuating people and making the scene secure. since then we've determined that we secured the shooter. he's dead from an apparent self-inflicted gunshot wound and we are still carefully and methodically going through the mall, searching every room and every square foot and removing people from the mall. >> have you identified the shooter and determined whether this is a random act of violence? actually pure evil. or whether or not somebody was specifically targeted? >> we have not
this former u.s. marine months ago, accused him of trying to bring a gun into the country. >> a lesser person would have pleaded guilty. >> they chained him to a bed and reportedly threatened his life. but this marine stayed strong. and now time finally to come home. i'm harris faulkner in tonight for shepard smith. and we begin tonight with president obama's new move to reshape his cabinet. at the white house today he announced massachusetts senator john kerry as his pick for the next secretary of state. >> john has played a central role in every major foreign policy debate for nearly 30 years. as we turn the page on a decade of war, he understands that we have got to it harness all elements of american power and ensure that they are working together. >> the president then saying senator kerry's entire life has prepared him for this role. the senator has spent decades on the foreign relations committee and he is currently the chairman of that. he is also a former presidential candidate as you know. and a decorated vietnam veteran who was critical of the war effort when he returned to the u.s
a sign progress is quietly being made with both sides? rich edson is at the white house for us. rich. >> good evening, sandra. house speaker john boehner left the capitol building about 10 minutes ago. he will motorcade over here. he should be here in a short while to begin yet another meeting with president obama. the two had a phone call earlier this week. on the phone the house speaker said they made little progress. aides say over the last few weeks there has been little discussion, constructive discussion moving towards a compromise. this is yet another attempt to get something moving. the white house put an offer on the table. republicans called it a joke. house republicans put a offer on the table. white house said it wasn't serious. since then the two sides have not moved that much closer to one another. the white house wants immediate tax increase on families earning more than $250,000 through a tax rate increase. for republicans they want more detailed spending cut plan out of the white house before they agree to any revenue increases. that impasse has continued. when you t
criticize the welfare state. [ laughter ] >> bret: there you go. thanks for inviting us into your home tonight. that is it for this "special report," fair, balanced and unafraid. >> this is the fox report. tonight, more fallout from the attack in benghazi. u.n. ambassador susan rice is out as the next secretary of state. so who will replace hillary clinton? and a former united states marine locked up in mexico. >> right when he crossed the border. still, the mexican police put him behind bars for carrying a gun and they have left him locked up for months. >> he is tough. somebody is making extortion demands and that say it's time to bring their son home. software mogul john mcafee on the run from the law now back in the united states and as usual he has plenty to say. >> i don't think anybody thinks i murdered my neighbor, except you, the press. >> i have tons of evidence about the corruption, the harassment. if you ever ever tasted guatemala jail food it's not very nice and i would like some sushi. >> harris: after that whole heart attack thing yeah, mcafee has a confession about that
pressure, however people use that as a buying opportunity which is evidenced in the two-day chart. with the fiscal cliff fast approaching, naturally it's about time lawmakers took a long recess. >> they're gone today, but will be back tuesday. it meets with small businesses in their district, they will highlight what they say i see ae small business tax hike president obama is pushing. the president is skipping town also for a quick stop in northern virginia. there he will meet with a middle-class family to press congress to protect those making less than $250,000 per year for a tax increase by raising rates on those earning more. the white house demanding a tax rate increase. republicans will agree to increase taxes through eliminating deductions. even if they figure out taxes, democrats and republicans still have to resolve significant differences on entitlements. take a listen. >> it is not even the right thing to do first and foremost. visit the trophy that republicans want? is that what they want to do what is right to raise the rates? speak of the american people want us to
? >> all right. have we not been lulled into -- you know, anything bernanke does now doesn't shock us or surprise us. isn't this extraordinary? >> you know, a few years ago, there were all kinds of things that i would v never happened. now if people ask me if such and such is possible, i say anything is possible. >> one of the things that i did think immediately yesterday was ben bernanke may not have this job in two years, right? people talk about that. he may decide he doesn't want to do it. >> he was asked about it. >> but he may ultimately be locked in. he may be locking in his successor and his successor after that into this type of thinking and this type of program. how hard is it to get out of this later? >> it is going to be extremely hard to get out of this, regardless of who the leader is, because, again, it is now -- you know, this is no longer an extraordinary measure. you did this during the emergency and then it's time to get out. now we're -- you know, we're in a bit of a quasi equilibrium here and this is how we're running monetary policy now. so to now being doing a r
wants more spending and he's not giving us any entitlement savings and on top of that, like you mentioned, he has no limit onis authority. so he's spending just as he has over the past four years into oblivion. gerri: so there is no debt ceiling. he has a checkbook, he can use it anyway that he wants to. that is shocking and astonishing to many folks. there is also this. the president has talked over and over again about a balanced approach. everybody has to give up something. everybody gets a little something. so he proposes $1.6 in tax hikes. only 400 billion in cuts. in what way is this balance? >> i think this has been a mistake the republicans have made. i do not believe that we have a revenue problem. in the long run, we have a spending problem and it is mostly an entitlement problem. i think it was a mistake for speaker boehner and others for revenue on the table to begin with. that being said, they all agree in a balanced approach. what the president has put forward, it does not even adess the problems. if you don't start negotiations talk about medicare, they simply are
. governor rick snider. he's going to be joining us live from the office in the state capitol. don't miss this. liz: dangerously close to going over the cliff. you know the date, december 31st. coming up, exclusively on fox business, former treasury secretary paul o'neill as sides dwindle own spendings, he has what needs to be done to get budget under control, easy ways to cut it and who should carry the burden. david: before the busy hour, what drove the markets with today's data download. stocks pushing up for hopes of a deal in the beltway. all three indexes in the green, hosting the three straight day of gains, s&p higher for the first time in two weeks. technology and health care led today's gainers. well, oil posting its first gain in six sessions today, edges higher after prices fell 4% over the past five trading sessions. crude closing the day up 23 cents a barrel at $85.79. u.s. small business sentiment plunging in november to the lowest level in nearly three years. national federation of independent businesses saying the index fell more than five points last month to 87.5, and 3
, with breaking news coverage on a busy, busy news night continues. as always, thank you for being with us. >> this is a nox news alert. a gunman opened fire in a mall in oregon, shooting and killing two people. the gunman, police say, is dead. joining us on the phone is james rose with the clackamas county sheriffs department. can you tell us what you know? >> caller: at 3:30 today, we got a series of 911 calls, describing an active shooter at the mall. the police responded immediately. and began searching the mall for the shooter and evacuating people, making the scene secure. since then, we have determined, we have secured the shooter, he is dead from an apparent self-inflicted gunshot wound. we are carefully and methodically going through the mall, searching every room and square foot, removing people from the mall. >> have you identified the shooter and determined whether this is a random act of violence, pure evil, or whether or not somebody was specifically targeted? >> we have not. but the investigation is underway as we speak. >> did the gunman say anything? did any witnesses repo
:00 p.m., first responders benefited on long beach island. make sure you join us on monday. "squawk on the street" is next. >>> good friday morning. welcome to "squawk on the street." live at the nyse. a blowout session in shanghai overnight. best single day gain in more than three years on a pretty decent pmi. europe has also been a blend of red and green as the ft names ecb chief the person of the year. we're going to kick off with breaking news. for that would, we go to david faber. >> news on best buy, in the news yesterday. the stock up sharply. what we can tell you right now is the board of directors of best buy, and its founder, richard schultz, has been trying to put together a group to essentially buy the company in a go private transaction, have extended the deadline in which he would need to come with a bid for best buy and created a window in fact that will begin on february 1st next year and end with the end of that month on february the 28th. giving schultz the opportunity to look at not just christmas sales, but the end of their fiscal year, which will end at best buy
the waiting game continues, although we thank brian sullivan and you, mandy, for bringing us back to positive territory in the last hour. >> i'm not sure we can take credit but we'll take it. >> the dow is up a fraction at the moment. 13,139 after a meandering much of the day. the nasdaq hardest hit today. technology has been very volatile recently. still down a fraction right now. 13 points, fraction percentage-wise and the s&p is down 3.33 at 1423. five days left until the fiscal cliff deadline, and though the market has been very resilient to this point, what happens if we go over the cliff and if lawmakers cannot get it together come january 1st? will it be a big meltdown for wall street? that's what everybody wants to know. >> certainly hope know. in today's "closing bell" exchange, former chief economist of the vice president joe biden, oliver perch from gary goldberg and matt cheslock and rick santelli, thank you very much. jarred, you wrote an article called "cliff dive, what the heck happens next?" what does happen next? >> well, that's actually all up to john boehner, as i see it, b
news out of china over the night. hitting a seven month high, but then the u.s. isf number hit at 10:00 a.m. eastern and a wave of selling. manufacturing activity contracted in november. they say the factory index came in at 49.5 in november. down from almost 52 and october. keep in mind, any number below 50 means contraction. above 50 equals expansion. investors are still worried about tax treatment and dead deals. exelon, the worst of the bunch our first guest has seen it all. the u.s. economy they fall into a recession next year even if congress strikes a budget deal by year end. joining us from stanford, california, martin feldstein. thank you for being with us. the republicans now responding. negotiations well underway to avoid a fiscal cliff. to your point, you recently said, even if we reach a deal, the economy is still at series risk of a recession. >> that is right. we are looking at and economy that is very weak. growth was very disappointed. less than 2% real gdp growth in 2012. we will be struggling to achieve that next year, even without hitting the economy with more fis
the nation's capital on this. dagen: think those photos are yours and only yours? instagram says it could use your photos in ads, if it wants to. connell: this could cost us. the next on bank account adds. dagen: nicole 5 on the new york stock exchange. nicole: this is unbelievable. we continue to get the headlines out of washington. we have boehner coming out with plan b. we are getting harry reid response saying that speaker banners -- boehner approach is very far away. the markets have managed to move back higher. there is a look at the nasdaq. the dow is a winner of about .5%. connell: let's follow up on this breaking news on the speaker of the house john boehner. dagen: richardson is live in washington, d.c. with what the heck. rich: the house will vote as early as this week to extend tax rates for those making less than a million dollars a year. house speaker john boehner says he is still negotiating plan a with president obama. the reason for the backup plan, speaker boehner says, after optimism, the white house is latest offer has soured the mood within republicans. >> it was essentia
. people's lives and jobs and retirement funds. >> thank you for being with us this morning. dave, you are headed to washington. let us know what's happening. >> he's going to fix it. >> we're going to have pizza. >> make sure you join us tomorrow. "squawk on the street" is next. ♪ >>> led zeppelin to wash away monday blues. congrats to the band for winning kennedy center honors last night. welcome to "squawk on the street." i'm carl quintanilla along with jim cramer, david faber live at nyse. melissa will join us in the next hour. we're kicking off the month of december with strength. anticipating good auto numbers today. greece unveiling that $10 billion eurobond buyback. a 52-week high in france and germany. our road map this morning begins in washington where fiscal cliff negotiations according to the "times" has "collapsed." at least for now. with less than a month until the deadline, who blinks first if anyone? >> goldman takes dell from a strength to a buy. is it time to look at the stock and maybe even other players in the beat up personal computer sector? >> manufacturing da
the camp. >> you thought everybody lived in a prison camp like this? >> translator: yes. >> shin told us this was the house where he was born. his mother and father were prisoners whose marriage, if you could call it that, was arranged by the guards as a reward for hard work. >> did they live together? did they see each other every day? >> translator: no. you can't live together. only when they worked hard could they be together. >> did they love each other? >> translator: i don't know. in my eyes, we were not a family. we were just prisoners. >> how do you mean? >> translator: you wear what you're given, you eat what you're given, and you only do what you're told to do. so there's nothing that the parent can do for you and there's nothing that the children can do for their parents. >> this may be a very dumb question, but did you even know what love was when you were for the first 23 years of your life? >> translator: i still don't know what that means. >> love may have been absent but fear was not. in this building, a school of sorts, shin says he watched his teacher beat a little girl
financial future. lou: day q4 being with us. baby it is cold outside. staten island knows it because soon they will feel it. bundle up once the temporary housing goes the chance to feel the season begins. i am neieil cavuto and those senators heaping prae had to know of the fast proaing -- approaching deadline this week a heap of trouble that did not stop politicians from heaping praise on those victims. >> the federal government sponded promptly and decisively. >> response has been robust. >> thank you for being such a strong leader. >> i am grateful f the productive conversations we have had. >> complement our e emergency responders they did an incredible job. neil: bidding aside the idiocy oo these remarks but the incredibly bad timing for thousands of out homes better in hotels and temporary housing. we hear th a government will take the punch bowl away when the shelter coverage ends despite their prediction from the government hself it may be months before they have a home. it seems sought on after two months it has made no contingency. don't be surprised if the folks to get the help
losses this almost four years. u.s. equity futures, though, not too bad so far today. indicated up about 15 points. today is thursday, december 6th, penultimate day before the day of infamy. "squawk box" begins right now. >> welcome to "squawk box." i'm becky quick along with joe kernen. andrew ross sorkin is on vacation this week. onset with us is drew mattis. welcome. thanks for getting up early. >> i'm always up at this time. >> we'll be going through secretary geithner's comments, but first let's get you up to speed on other stories. joe was talking about apple. it has been a rough ten weeks for the most valuable u.s. company. shares tumbling more than 6% yesterday shedding $35 billion of market value. among the reasons cited by analysts, a forecast by an influential research firm suggesting that the iphone and ipad maker is continuing to give up ground it rival the android gadgets. there were also unconfirmed reports that at least one major stock clearing house was raising margin requirements. and then there's the fiscal cliff. analysts citing fears about a hike in capital gains tax
to facebook, like us and ask your question. >> talk of the day, sirius, the company announcing a $2 billion share buy back. and it's a $2 stock, but everybody knows it. mel's gone, howard's still there. >> all right, that does it for us today, again join me on facebook after the show for office hours. right now it's time for "squawk on the street." >>> good thursday morning, welcome to "squawk on the street," i'm melissa lee live from the new york stock exchange. negative across the board, looks like we're going to lose about 8.5% on the dow. we're watching for headlines out of an ecd press report. our road map this morning starting with apple, cratering on its biggest decline yesterday on four years, closing just pennies off the lows of the session. the stock continues lower premarket as investors watch the death cross watch. >> a cnbc exclusive, tim geithner says over the cliff is a must. >> bank of england and ecb keeps rates unchanged. europe continues to hang in there economically. >> and nat gas gets a boost. the government finds exporting it is better than keeping it here at home. >>
you very much for taking the time. >> thank you. >> thank you very much for joining us today, michael johnson, the ceo of herbalife. the markets are currently sitting around the lows of the day as we speak. the dow down by about 56 points, and that is it for "street signs" today. "closing bell" is coming up next. >> hi, everybody. good afternoon. we enter the final stretch and welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. scott, good to see you. here with scott wapner. the market near the lows on the day on fears that a deal to avoid the fiscal cliff may actually be a lot further away than we thought. >> more sparring today. deal, i don't know. if you listen to what they are saying today, scott wapner in for bill griffith. the president calling for compromise in a news conference today, but here on wall street there is a bit less optimism for the deal than we've felt in recent days. see where we sit right now. the dow is down 56 points. nasdaq and s&p under some pressure as well right now as we -- there you go. nasdaq is down six and the s&p, maria
asset sales. >> you agree? you remember your name before -- >> that does it for us today. make sure you join us tomorrow. right now, time for "squawk on the street." >>> good morning, welcome to squawk on the street. i'm carl quintanilla, melissaly, jim cramer. nyse euro net selling itself to ice for 8.2 billion in cash and stock. david is here to break it down. >> go through some of the numbers four. the deal itself having been officially announced in the last half hour or so board signing off, call it about 8 a.m. eastern time. my sources tell me this all began a couple of months back when jeffrey spraker, the ceo of ice approached duncan niederauer, the ceo of the stock exchange about a potential deal. looking forward hearing from both men later in the program. as for the deal itself, if you're a new york stock exchange shareholder, mr. spreker built this account the past decade. 36% of the combined company will be controlled by current new york stock exchange shareholders. you get a premium. also an opportunity to participate in the continued growth of what will be a trading ba he m
exchange for us. sue? >> ty, it is a little bit after down side bias today. investors are losing enthusiasm over the fed's move. and more specifically, the employment rate. right now, the dow is down 57 points on the trading session. most of that drop cake after mr. boehner made comments about the continues impasse in trying to resolve the fiscal cliff. s&p down 23, down three quarters percent. and the nasdaq is down about half a percent. bob joins me on the floor of the nyse. the market is very undecided about what is happening in washington. what the feds know that perhaps we don't know. >> we are getting smacked around by these two separate events. the fiscal cliff as well as aftermath of what went on with the fed. i think the fed is still very important here. take a look the dow industrials. remember, we started moving down right after we saw mr. bernanke give his press conference. we talked about fiscal cliff having problems, not having the tools to deal with the fiscal cliff. the fed not having it, should we go over that. there we are dealing with the aftermath. remember something fol
question] >> the risk the president wants us to take, increasing tax rates will hit many small businesses that produce 60-70% of the new jobs in our country. that is the whole issue. [inaudible question] >> i think that is reckless talk. [inaudible question] >> listen, raising taxes on small businesses will not help our economy and will not help those seeking work. i came out the day after the election to put revenues on the table. to take a step towards the president to try to resolve this. >> is there someone you could agree to tax rate increases and protect small businesses may be at the same time? >> there are a lot of things that are possible. the president insists on this position. insist on my way or the highway. next. connell: speaker of the house john boehner. dagen: i think ed henry says no progress and charges at the white house. connell: there is the optimism. it has been waning anyway on the stock market. the speaker talk to you about the phone call about the president needing to get more serious. we will talk more about that coming up. mark warner is supposed to join us from
. of course, we know this is a difficult transition. please work with us. we will continue forth until the president takes the airways, but we have to focus on apple. what went wrong in apple in china. where are they huge crowds of people tripping over themselves to get the new iphone five? after all, 300,000 reorders. 300,000. it sounds like a lot, but there are some are calling this launch this news, even a dad. will this further erode the stock which has plummeted 28% since that september? we decided to go beyond this. of the chinese over it? some months, the apple turnout, not at all what it was cracked up to be. investors are voting with their wallets. apple shares are down. just a couple of percentage points. important to know this is trading in a nine month low. add another 4 percent today, the negative comments adding to the selling pressure. the firm cutting its 2013 estimates and lowering its price target. we know that maybe the huge ones are not so huge in china because apple instituted an online reservation system. folks, let's not ignore it. the allies did not even come cl
really pushing some new recent highs. that is something that pushed us along in the last couple days. lori: a showdown in washington. sparring over a dead deal. it does not look like either party is ready to budge. where are we now, rich we are still in the middle of a work in progress. that could be a little bit of an understatement. democrats say they want a commitment from her republicans. basically, we are in the same spot. here we are at the 11th hour and the president still is not. about dealing with this issue right here. it is this issue. spending. >> the public posturing continues. there is a questioning today about whether or not we get to the point where tax rates are ready to increase on nearly every taxpaying american. the speaker would not comment. back to you. lori: so frustrating. rich edson, thank you so much for that update. lori: we will be on pins and needles for a while. the voters are sending mixed signals. voters think the best way to deal with the countries deficit problem is mostly with cuts and government spending. majorities say major spending cuts are nece
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